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Industry Landscape
The enterprise data storage industry is rapidly evolving, driven by exponential data growth, the rise of AI/ML workloads, and an increasing need for robust cybersecurity, particularly ransomware protection. Cloud and hybrid cloud deployments are becoming standard, with a strong emphasis on scalable, high-performance, and cost-efficient solutions. Software-defined storage and S3 compatibility are key trends.
Total Assets Under Management (AUM)
Enterprise Storage Market Size in United States
~$30 billion
(8-10% CAGR)
Growth driven by:
- Data explosion from digital transformation.
- Increased adoption of cloud and hybrid storage.
- Demand for AI/ML and big data analytics infrastructure.
Total Addressable Market
30 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Generative AI for Data Management
Generative AI is poised to automate and optimize data management tasks, from data synthesis for testing to intelligent data tiering and lifecycle management.
Confidential Computing
Confidential computing ensures data remains encrypted even during processing, significantly enhancing data security and privacy for sensitive workloads, especially in multi-tenant cloud environments.
Quantum-Safe Cryptography
The development of quantum-safe cryptography is crucial for protecting long-term data against future quantum computer attacks, necessitating updates to current encryption standards for stored data.
Impactful Policy Frameworks
NIST AI Risk Management Framework (AI RMF 1.0, 2023)
The NIST AI RMF provides a framework for managing risks associated with artificial intelligence, focusing on trustworthy AI development and deployment.
This policy will compel Scality and its customers to ensure their AI-driven data management and storage solutions adhere to ethical, transparent, and secure AI principles, impacting AI Data Lake and AI workload storage solutions.
Cybersecurity and Infrastructure Security Agency (CISA) Ransomware Guide (2023)
CISA's updated ransomware guidance provides enhanced recommendations for preventing, protecting against, and responding to ransomware attacks for critical infrastructure organizations.
This guide will drive greater demand for Scality's cyber-resilient, immutable backup, and data protection features, as enterprises strengthen their defenses against ransomware to comply with best practices.
California Privacy Rights Act (CPRA, 2023)
The CPRA expands on the California Consumer Privacy Act (CCPA), granting consumers more control over their personal data and imposing stricter requirements on businesses regarding data collection, use, and sharing.
This policy will require Scality's customers to implement more granular data governance and access controls within their storage systems, increasing the need for solutions that support data immutability, audit trails, and data subject access requests for compliance.
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